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Oh simply? How much oil do we produce domestically? How much do we import?
How much electronics manufacturing do we do in this country? I think we may have to move from cell phones back to smoke signals.
The US manufacturers plenty of its own advanced electronics and will surely pick up the slack if foreign products become more expensive(because of tarrifs and such). The US produces plenty oil as well. Try reading up before you continue making yourself more and more silly.
Do you understand how corporations work? I am incorporated and my corporation has paid little or no taxes for years, but I, the same as most other owners of corporations certainly do. Corporations are in business to earn income for their shareholders (owners)
Why on earth would I want my company to pay taxes, then pay taxes a second time on the income I derive from that company? Big corporations do the same....The profits that are not used for growth are passed on to the shareholders who pay the taxes on whatever income is made by the company.
"In fact, the Tax Foundation discovered that of the 25% of large corporations that paid no tax in 2005, 85% of those did not pay tax because they had no profits."
For many they had no profits because they passed those earnings on to the shareholders who DID pay taxes on those earnings.
The US manufacturers plenty of its own advanced electronics and will surely pick up the slack if foreign products become more expensive(because of tarrifs and such). The US produces plenty oil as well. Try reading up before you continue making yourself more and more silly.
"U.S. oil consumption is approximately 21,000,000 barrels per day (3,300,000 m3/d), yet domestic production is only 6 million barrels per day (950,000 m3/d). Hence, the majority of oil consumed in the United States must be imported."
I guess you haven't been following the thread. Corporations do not pay "0" taxes. Some may have no income tax liability, but they do pay taxes. As a matter of fact the US has the highest corporate tax rates in the world.
Also, it is the unhinged posters here demanding an increase in taxes. Hope this helps!
I guess you haven't been following the thread. Corporations do not pay "0" taxes.
Really? Cause you quoted it right here:
Quote:
Originally Posted by shorebaby
Why do people refuse to read links?
From the link.
"In fact, the Tax Foundation discovered that of the 25% of large corporations that paid no tax in 2005, 85% of those did not pay tax because they had no profits."
So not only have you "not been following the thread", but you "refuse to read [your own] links" as well.
So not only have you "not been following the thread", but you "refuse to read [your own] links" as well.
Too funny, I'll ask again, why do people refuse to read the links? The entire article was discussing income taxes. Read the link, you will see it was refering to income tax rates. You would actually have to read the sentence before the quote to understand that. You guys really provide great entertainment!
Here is the quote including the prior sentence for the challenged.
"Therefore, in any particular year, a large number of corporations have no taxable income. In fact, the Tax Foundation discovered that of the 25% of large corporations that paid no tax in 2005, 85% of those did not pay tax because they had no profits."
If they can contribute to campaigns like individuals, they chould be taxed like individuals, very wealthy overpaid individuals.
Of course I'm sure the SCOTUS will figure out a way to give them a double standard in their favor.
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